Sai (SAI)Sai (SAI) up-to-date price information, find exchanges where to buy SAI, and discover similar coins to SAI based on volume or price.
Data last updated about 2 hours agoSAI All Time Low/High: €0.767069 (+697%) / €20.85 (-71%)
Disclaimer: All sai price data is sourced from a third-party site. While we try to always offer correct and up-to-date sai price data, it can sometimes be wrong. Cryptolorium assumes no responsibility or liability for any errors or omissions in the content of this site. So we suggest you pay attention to any abnormalities yourself and take all sai price as well as sai price change information brought out above with a grain of salt. And as always, keep in mind that trading cryptos contains risks which may result in partial or full loss of your investment.
How popular is SAI cryptocurrency?Sai ranks 627th among all cryptocurrencies. It has a market cap of €19020445. The total trading volume within the last 24 hours was €46.48.
Where can you buy SAI crypto?You can currently buy SAI in these exchanges: CoinTiger, Hoo.com. The currencies you can use to buy SAI are .
How much potential does SAI have?It's hard to say how much potential Sai has, but based on its circulating supply (3,111,049), it can theoretically grow at least 19227x before it would become more popular than Bitcoin. This means that based on SAI maximum potential it could reach €117474 before it would have to overtake Bitcoin. But then again, this is not a SAI price prediction of any sort, but just logical calculation.
Learn more about altcoins maximum potential prices.
How well has Sai performed compared to top 300 cryptos?So how well has Sai performed lately? How much has SAI price increased or decreased? And let's compare the price changes with the top 300 crypto average change.
Where can I find more information about Sai?You can find more information about SAI from Sai subreddit, Sai twitter page, Sai official homepage, and we always recommend you to do further research about Sai yourself as well.
When was SAI launched?According to our information SAI coin was launched 18th December 2017.
What is Sai?Dai is a stablecoin. It is an Ethereum ERC20 token that is pegged to $1 USD — every Dai is worth $1, and will always be worth $1, regardless of how much Dai is in existence. There is no centralized authority like Tether that backs its value, and no traditional bank that backs each Dai with a real US dollar. There is nothing that can be shut d...own, and no centralized authority that needs to be trusted. Dai lives entirely within the Ethereum blockchain using smart contracts.
*Features of Dai:
1. Dai is always worth $1 USD each
2. It can be freely traded like any other ERC20 token
3. Anyone with an Ethereum wallet can own, accept, and transfer it
4. It can be exchanged without any middleman
5. No individual person or company has control over it
6. No government or authority can shut it down
*How Dai Works?
Dai is a masterpiece of game theory that carefully balances economic incentives in the pursuit of one goal — a token that is continuously approaching the value of $1 USD.
When Dai is worth above $1, mechanisms work to decrease the price. When Dai is worth below $1, mechanisms work to increase the price. The rational actors that take part in these mechanisms do so because they earn money anytime Dai is not perfectly worth $1. This is why Dai is always floating slightly above or below $1 — it is an endless wave function bouncing infinitely close to $1, but never quite achieving it. The farther Dai goes from $1, the more incentive there is to fix it. This is the magic of Dai.
*How is Dai Created?
Dai is simply a loan against Ethereum. By using the MakerDAO dApp, advanced users can take loans out in Dai against their ETH holdings.
First, ETH is turned into “wrapped ETH” (WETH), which is simply an ERC20 wrapping around ETH. This “tokenizes” ETH so it can be used like any other ERC20 token. Next, WETH is turned into “pooled ETH” (PETH), which means it joins a large pool of Ethereum that is the collateral for all Dai created. Once you have PETH, you can create a “collateralized debt position” (CDP), which locks up your PETH and allows you to draw Dai against your collateral, which is PETH. As you draw out Dai, the ratio of debt in the CDP increases. There is a debt limit that sets a maximum amount of Dai you can draw against your CDP. Once you have Dai, you can spend or trade it freely like any other ERC20 token.
*There are several important reasons why you would create Dai, despite the hassle:
1. You need a loan, and have an asset (ETH) to use as collateral for your loan
2. You believe ETH is going up in value. You can use your CDP to buy ETH on margin — you lock up your ETH in a CDP, draw Dai against it, use the Dai to buy more ETH on an exchange, and then use that ETH to further increase the size of your CDP. This can be accomplished without any third-party or centralized authority allowing you to do so — margin trading can be accomplished entirely on the blockchain.
3. The demand for Dai has driven the price above $1 USD. When this occurs, you can create Dai then immediately sell it on an exchange for greater than $1 USD. This is essentially free money, and is one of the mechanisms the Maker system uses to keep Dai pegged to $1 USD. Dai being worth over $1 USD encourages more Dai to be created.
These three reasons are enough to ensure that Dai is continually created.
This data has been sourced from third party.Read more
|Cryptocurrency: Sai||Symbol: SAI|
|Market Cap: 19020445||Rank: 627||Volume: 46.48|
Sai (SAI) live price chart
Cryptos with similar price movements as SAI
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Cryptos with similar price movements as SAI in 200 daysSAI change in 7 days: 7.91% / SAI change in 30 days: 0%
|Symbol||Price||7d change||200d change|
How big was Sai coin volume within the last 24h?
Sai (SAI) last recorded volume was € 46.48.
How much has Sai coin price changed during the last week?
SAI price has changed during the last 7 days 7.91 %.
How much has Sai price changed during the 30 days?
SAI price has changed during the last 30 days 0 %.
How much has Sai price changed during one year?
SAI price has changed during the last year -32.79 %.
Is SAI coin close to its All Time High price?
SAI all time high price (ath) is €20.85. Its current price is €6.11. This means that the difference between Sai (SAI) All Time High price and SAI current price is -71%.
What is the maximum price Sai (SAI) can reach?
SAI has a current circulating supply of 3,111,049. Based on our calculation SAI could reach up to €117474 before it would have to overtake Bitcoin. So in theory the potential for growth is 19227x its current value (€6.11). However, keep in mind that this is just a logical maximum potential price calculation for Sai and in no way is it a prediction of any kind.
Does Sai crypto have limited supply?
Sai (SAI) is a limited supply cryptocurrency. We base that on its max supply of 3,111,050, total supply of 3,111,049, and circulating supply of 3,111,049 (meaning, the max supply is not much higher than circulating supply).
Where can you trade Sai?
Sai is currently listed on at least these crypto exchanges: CoinTiger, Hoo.com and possibly some others.